US retail sales rose 0.4% in June from the previous month, beating analysts' forecasts and capping a four-month stretch of increases, according to the Commerce Department. Sales increased in 11 of 13 categories, and overall sales were up 3.4% from June of last year.
Luxury conglomerate LVMH Moet Hennessy Louis Vuitton has formed a partnership with designer Stella McCartney's fashion brand. Through the deal, McCartney, who last year bought back a 50% stake from Kering, will keep majority ownership of her label, which has become known for its focus on sustainable fashion.
Sweden-based furniture retailer IKEA will shutter its only US factory, an 11-year-old facility in Danville, Va., where about 300 employees make wood-based pieces for stores in North America. The company will shift the manufacturing operations to facilities in Europe.
A particular polka dot dress from Zara is in high demand this summer, with a following on social media that has spread the word without much marketing by the Inditex-owned fashion retailer. Spain-based Zara stays trendy with a model that allows for new styles to go from drawing board to stores in a short time frame.
Sports apparel and footwear brands including Adidas and Nike are courting Gen Z girls with styles made for them instead of just offering smaller versions of the items made for boys. "There's a big opportunity here for the brands like Nike and Under Armour to say, 'Who is the underserved person here?' And appeal in that regard," Mintel senior research analyst Alexis DeSalva said.
Amazon's Prime Day event this year isn't just focused on school supplies and gadgets, it's also promoting the e-commerce giant's growing fashion offerings. The company has also teamed with fashion influencers recently to highlight the stylish duds Amazon is selling alongside T-shirts, jeans and other basics.
Personal shopping service Stitch Fix has grown revenue by experimenting with new efforts to boost sales, including increasing the number of items in curated boxes and offering items in a variety of colors. The business model, which uses algorithms to more closely match supply and demand, is appealing to fashion fans worried about waste, Stitch Fix CEO Katrina Lake said.
Families plan to spend more than ever on back-to-school and back-to-college shopping this year, according to NRF's annual survey conducted by Prosper Insights and Analytics. Families with children in elementary school through high school plan to spend an average $696.70, topping the previous record of $688.62 set in 2012. Meanwhile, families with college students are expected to spend an average $976.78, outpacing the previous record of $969.88 set in 2017. View survey highlights.
NRF will name Kohl's CEO Michelle Gass as "The Visionary," an award given each year to an outstanding leader in the retail industry. The award will be presented during the sixth annual NRF Foundation Honors next January in New York City. Gass will also be a keynote speaker at NRF 2020 Vision: Retail's Big Show. Read more.
As manager of media and partnerships for Zulily, Brian Doherty leverages "both the art and science of retail marketing" to create "compelling, engaging and effective" campaigns that he says build bridges between brands and customers. Ahead of his presentation at the NRF NXT conference later this month in Las Vegas, Doherty explains how non-engineers can work with advanced technology and embrace a data-driven culture. Read more.
- Page 1